President Donald Trump has once again done the impossible and secured a phase one trade agreement with China that leaves existing tariffs of 25 percent on $250 billion of goods and another 7.5 percent on the remaining $300 billion of goods.
Read MoreTag: Tarrifs
Trump Warns China Against Delay in Reaching Trade Pact
U.S. President Donald Trump warned China on Tuesday against delays in reaching a new trade agreement in hopes he is defeated for re-election in 2020, saying that if he wins he will be “MUCH TOUGHER” in setting the terms of a deal.
Read MoreTrump: US to Put Tariffs on $11B in EU Goods
President Donald Trump says the United States will impose new tariffs on more than $11 billion worth of exports from the European Union, after the World Trade Organization ruled last year the EU was illegally subsidizing aircraft maker Airbus. The WTO, in a decision last May, ruled the European countries…
Read MoreSigns Point to China, US Deal to Avert Further Tariff Hike
As China and the United States resume high-level talks in Washington Thursday, there are signs that the two may be closing in on a deal. Reuters news agency is reporting that top trade officials from both sides are trying to hammer out the details of six broad agreements aimed at…
Read MoreNo New Tariffs: Trump Wins Trade Battle With China
by Jason Hopkins U.S. President Donald Trump was able to extract a number of concessions from Chinese President Xi Jinping in exchange for not imposing any new tariffs on Chinese goods. Trump reached a major agreement while meeting with the world’s top leaders over the weekend. At the G-20…
Read MoreTrump’s Tariffs Aren’t Enough – He Needs to Unload On China, Says Economist
by Nick Givas Maryland University economics professor Peter Morici said President Donald Trump needs continue putting pressure on the Chinese government to limit their influence and control over American policy. “I don’t think China is under enough stress,” Morici said on “Fox & Friends” Wednesday. He specifically cited Treasury secretary…
Read More